Loan amount
Minimal amount – 200 AZN
Maximal amount – 25 000 AZN
line of credit: 4 times the salary, cash loan: 10 times the salary
Term
2-12 months
Commission
0.2% of the loan amount min.20 AZN
Collateral
Not required
Annual interest rate
18%
Note: The loan can be issued only to persons who have income in foreingn currency, as well as holders of foreingn currency deposit (the deposit serves as a collateral).
Requirements to the Borrower:
|
Age |
Men: 23 - 63 years Women: 23 - 60 years |
|
Permanent or temporary registration (on the territory where the loan is issued) |
Required (minimum 1 year) |
|
Minimum length of service on the last job |
6 months (the loan can be issued in the name of the student or his/her parents) |
|
Other requirements |
Positive credit history of the Borrower |
Documents submitted by the Borrower
- Application for loan (in a form approved by the Bank);
- ID of the Borrower;
- Statement from the salary card of the Borrower. When necessary, the Bank receives information about the salary of the Borrower from the statement issued by their employer.
To make decision about the issuance of the loan the Bank has right to request additional information, as well as the documents necessary for the confirmation of submitted information.